Press Release: January 08, 2021
Preferred Systems Solutions, Inc. (PSS), a portfolio company of CM Equity Partners (CMEP), announced the appointment of Babs Doherty as Chief Executive Officer and President, reporting to the Board of Directors. In her new role, Babs will continue to work closely with the Executive Committee and the Board on her vision for PSS to be a recognized leader delivering mission-critical technologies and an employer of choice.
As CEO & President of PSS, Mrs. Doherty will oversee and support all facets of the PSS organization, working closely with the Executive Committee and the Board on her vision for PSS to be a $100+ million company over the next several years. She will be responsible for growing PSS’ professional services and leading-edge technology capabilities to bring mission-enabling innovation to new and existing customers, assuring our continued reputation for exceptional support, and promoting the personal and professional development of our workforce.
“I am very pleased to be named CEO of the talented team of professionals at Preferred Systems Solutions. I look forward to building upon the success PSS has achieved and continuing to focus our mission-driven team on providing solutions to solve our Nation’s most complex challenges,” said Babs Doherty.
Prior to joining PSS, Mrs. Doherty was the founder of Eagle Ray, Inc., acquired by PSS in 2020 to expand its capabilities and accelerate growth within the Intelligence Community. Eagle Ray, Inc. offers mission-focused solutions and performance improvement to agencies in the Intelligence Community (IC) and the Departments of Defense (DoD) and Homeland Security (DHS).
“The Eagle Ray acquisition earlier this year was an important initial step in the continued growth and increased stature of PSS in the government services marketplace. We are extremely pleased that a highly respected and exceptional leader, Babs Doherty, and her team will be leading this important effort going forward,” said Jim Ballard, Chairman of the Board for PSS.
Mrs. Doherty brings more than 30 years of national security expertise and has been recognized as a SmartCEO Brava! awardee and a Women in Technology Leadership award finalist. Under her leadership, Eagle Ray was awarded the prestigious Contractor of the Year GovCon award. She is a member of numerous professional organizations, including the Intelligence National Security Alliance (INSA), and she currently sits on the Board for the Professional Services Council (PSC). Ms. Doherty holds a Bachelor of Science in Management from National Louis University.
About Preferred Systems Solutions, Inc.
PSS provides program and acquisition management, financial consulting, engineering & technical services, mobile applications, high-performance computing, cloud migration, and data analytics support services to the Intelligence Community, Civilian (FBI, DHS, GSA, NIH, etc.) and Defense (U.S. Army, U.S. Navy, Defense Logistics Agency, U.S. Transportation Command, etc.) markets. For more information, visit www.pssfed.com, or email email@example.com.
About CM Equity Partners
CMEP is a private equity firm focused on the federal professional services and aerospace and defense industries. Since its founding in 1992, CMEP has made more than 55 acquisitions and investments in the federal professional services sector. CMEP's team brings an active and collaborative management approach to its investments by partnering with management teams, developing long-term strategic plans, and supporting the re-investment of profits to grow and broaden a company's revenue base and capabilities. Additional information about CMEP is available at www.cmequity.com.